Compliance, Audit, Monitoring and Risk Management Course
Course Overview
| Course Title | Compliance, Audit, Monitoring and Risk Management Course |
| Organization | Tech For Development (T4D) |
| Venue | Tech For Development (T4D) Training Center along Tala Road, Runda, Nairobi |
| Target Industries |
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| Target Job Roles |
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| Course Fees (Face-to-Face) | TBA |
| Course Fees (Virtual) | TBA |
| Training Modes | Virtual and face-to-face training |
| Payment | Payment should be made to the Tech For Development (T4D) bank account on or before the start of the course |
| Accreditation | Tech For Development Certificate of Course Completion |
Introduction
Compliance training is a comprehensive Programme that helps organizations and their employees conduct operations in an ethical manner, with extreme integrity, and in compliance with legal and regulatory requirements. New risks because of demanding economic conditions increase pressure on compliance leaders.
Traditionally, compliance officers focused on expanding coverage to various risks and layering compliance activities on top of business workflows and systems. However, recently, the focus has shifted to introducing compliance programmes as part of operations.
This T4D training course will empower you with detailed information and knowledge about creating and managing compliance in your organization. It will provide you with the necessary experience, exposure and skill to play an important part in creating compliance policies and systems in your organization and successfully and effectively manage these to help the organization progress within all ethical and legal boundaries.
Further, by undertaking this Corporate Compliance, Audit, Monitoring and Risk Management course, you will gain confidence and knowledge to readily accept and assume critical and sensitive roles and responsibilities in your organization
Duration
10 Days
Who Should Attend
- Senior members of management responsible for ensuring that the organization is compliant with universally accepted standards
- Compliance officers responsible for ensuring adherence to compliance policies and protocols and for managing change in standards when the need arises
- Human resource professionals responsible for ensuring that compliance is part of their work culture and operations and defaulters are put to the test
- Internal and external auditors who conduct regular checks to ensure and certify adherence to set standards
- Investors and shareholders who would be interested to invest in an organization that is compliant with universal standards, thus depicting credibility
- Any other working professional who would like to know more about compliance and compliance management to develop one’s work ethic and/or to undertake higher roles and responsibilities related to compliance and compliance management
Course Objectives
At the end of this T4D training course, participants will learn:
- In-depth understanding of compliance and compliance management
- The required knowledge to comply with all necessary standards and rules in one’s work
- The required confidence and skill to partake in devising compliance programmes and processes and managing compliance within the organisation throughout
- The required skill and capabilities to work with advanced techniques and tools to manage compliance effectively in the organisation
- The necessary exposure to predict possible compliance-related risks to the organisation and implement necessary steps to control these
Adequate foresight to make arrangements for future changes in standards and rules and prepare one’s organisation to make alterations to comply with changing standards
Course Modules
Course Outline
Module 1 – Overview of Compliance
- Definition of compliance
- Definition of the compliance framework
- Definition of compliance standards
- Definition of compliance standard rule
Module 2 – Features of Successful Compliance Activities
- Design (to be part of the business workflow)
- Coordinate (with related assurance activities)
- Assess (for burden and integration)
Module 3 – Steps to a Compliance Risk Management Approach
- Prioritise activities
- Make regulatory alerts and updates actionable
- Assess and manage the Business impact
Module 4 – Steps in Compliance Risk Analysis
- Risk identification
- Risk assessment
- Risk evaluation
- Risk treatment
- Monitoring, review and corrective action
- Communication
Module 5 – Scope of a Compliance Programme
- Define programme mandate
- Mitigate and monitor risks
- Establish policies and procedures
- Oversee allegations of misconduct
- Provide training and communication
- Reinforce behavioural expectations
- Manage the function
Module 6 – Challenges in Compliance Management
- Compliance silos
- No single view of compliance assurance
- Home-grown systems
- Old, rigid software
- Lack of automated monitoring
Module 7 – Factors Impacting Compliance Management
- Nature of Board and audit committee
- Management’s philosophy and operating style
- Organisational structure
- Risk culture and tolerance
Module 8 – Importance of Compliance Programmes
- Enhanced visibility into organisational risks
- Greater accountability for risk management
- Assurance on stewardship of donated funds
- Culture of ethics and compliance
Module 9 – Elements of an Effective Compliance Programme
- Experienced audit committee
- Written policies and procedures
- Training and education
- Lines of communication
- Standards through disciplinary guidelines
- Internal compliance monitoring
- Response to detected offences
- Periodic risk assessments
Module 10 – Responsibilities of Compliance Programmes
- Fiduciary responsibility
- Federal financial reporting
- Internal controls/standards
- Legal and regulatory requirements
- Organisational policies
Course Administration
Methodology
This instructor-led training course is delivered using a blended learning approach comprising presentations, guided practical sessions, web-based tutorials, and group work.
Accreditation
Participants will receive a Tech For Development Certificate of Course Completion.
Training Venue
Held at the Tech For Development Training Centre.
Accommodation & Airport Transfer
Arranged upon request.
Email: letstalk@techfordevelopment.com
Phone: (+254) 790 824 179
Tailor-Made
Customised training available.
Payment
Send proof of payment to letstalk@techfordevelopment.com.
